The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 9/30/14

Tuesday, September 30, 2014

BuilderBytes' MetroIntelligence Economic Update for 9/30/14

Please click here to see the edition of BuilderBytes for 9/30/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • 2Q 2014 GDP grew by 4.6 percent in third and final estimate, up from 4.2 percent in second estimate
  • Pending home sales slowed by 1.0 percent in August but remain at second-highest level over last year
  • Consumer confidence enjoys healthy gain in September to highest level in last seven years
  • Initial unemployment claims rise by 12,000 in latest report
  • Overall durable goods orders plunge in August, but orders for machinery points to improving economy
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